Page 14 - Trafficinfratech Magazine Aug - Sept

NEWS

Intelligent Mobility : A platform for Innovation and Opportunities

rost & Sullivan’s inaugural edition of multimodal connectivity, the government Two key ideas emerged from the
its Intelligent Mobility 2019 was held initiatives being undertaken to create a discussions on new business models,
Fin New Delhi on September 11. The supportive regulatory and infrastructural major trends, best practices, innovative
summit brought together leading experts environment, and the need to develop technologies, evolving customer
and visionaries to envisage the next wave mobility technologies suited to the Indian expectations, and strategic responses.
of innovation emerging in India’s dynamic ecosystem. The first was the need for greater
mobility space. In a special video message, Gautam collaboration, cooperation, and cohesion
The keynote session on ‘The Future Hari Singhania, Chairman and Managing across various industries and stakeholders,
of Mobility: Transformational Shifts Director, Raymond, made a case for reinforced by greater private-public sector
and Growth Opportunities in India’ reducing the heavy import duties on the engagement. The second was the critical
consisted of wide-ranging discussions niche supercar market. Bringing up the need for localisation and personalisation.
that highlighted the importance of news blaming the ‘millennial mindset’ Elaborating on this, Kaushik Madhavan,
transitioning from traditional linear value for using ride-hailing services such as Vice President, Mobility Practice, Frost
chains to interlinked, multi-dimensional Ola and Uber being one of the causes & Sullivan, said, “There has been a
value ecosystems, optimising data for the automobile industry slump in paradigm shift in the Indian automotive
intelligence, and creating appropriate India, Ramashankar Pandey, Managing market. The one-size-fits-all approach is
roadmap for data monetisation. While Director, Hella India Lighting Ltd touched outdated. The future will be about greater
reiterating the need for electric vehicle upon asset-light ecosystem and the need localisation predicated on offerings that
development, the session also emphasised for collaboration with non-automotive match geographies or local sensibilities;
the need for government and industry participants. personalisation will be made possible
stakeholders to work in tandem to boost The panel discussions at the Summit by artificial intelligence. In the future,
the entire mobility industry. included opportunities for collaborative differentiation will come from highly
individualised services that will not only
Talking about the future of mobility development of connected, shared, and take the customer experience to a new
in India, Sarwant Singh, Managing electric markets in India; the potential level but will also create the groundwork
Partner, Frost & Sullivan, said, “Much for partnerships between automotive for sustainable industry growth.”
like in the rest of the world, technology companies and non-automotive
has changed the rules of engagement in participants in ecosystem development; The Summit was followed by Frost &
India’s mobility industry. The future will vehicle life cycle management, digital Sullivan’s 2019 India Intelligent Mobility
be defined as much by collaboration as transformation, and new business models. Awards Banquet, which recognised 29 of
by competition. Stakeholders—private and The panelists examined how traditional India’s leading-edge companies who have
public, automotive and non-automotive, models of purchase and vehicle ownership demonstrated business innovation and
excellence in the mobility space.
have ceded ground to subscription-based
manufacturers and service providers— models and rental/leasing models.
must come together with a common
sense of purpose to drive transformative
growth, nurture innovation, and create
value. A siloed approach will no longer
work, instead, what the Indian mobility
industry needs is to work towards a
future that is smart, sustainable, safe, and
seamless.”
Pravin L. Agrawal, Joint Secretary,
Department of Heavy Industry, Government
of India talked about new business models
and the rise of electric mobility in India. He
emphasised the potential for retrofitting old
models with electric drivelines, developing
range extenders, and designing new
business models for last-mile connectivity
and shared mobility.
Anil Srivastava, Principal Consultant Kaushik Madhavan, Vice President, Mobility Practice, Frost & Sullivan; Sarwant Singh, Managing Partner,
& Mission Director, National Mission on Frost & Sullivan; Nagesh Basavanhalli, MD & CEO, Greaves Cotton Limited; Anil Srivastava, Principal
Transformative Mobility & Battery Storage, Consultant, Mission Director, National Mission on Transformative Mobility; Battery Storage, NITI Aayog and
NITI Aayog spoke about the importance of Pankaj Jhunja, Head of Mobility Services, Tata Motors.

14 August-September ’19 / TrafficInfraTech www.trafficinfratech-com-500653.hostingersite.com